The Chart of the Day is Altisource Asset Management (AAMC). I found the stock by sorting the All Time High List for the frequency of new highs in the last month and it was right near the top of the list. The stock is off the charts and in the last year went from 15.00 to 1005.00!
The company provides portfolio management and corporate governance services to Real-Estate Investment Trusts and other real-estate portfolio-driven entities. Altisource Asset Management Corp is based in the U.S. Virgin Islands.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 60.35% in the last month
- Relative Strength Index 87.98%
- Barchart computes a technical support level at 924.75
- Recently traded at 1005.00 with a 50 day moving average of 667.91
Fundamental factors:
- Market Cap $2.35 billion
- Revenue in last 9 months $31 million
- Loss of $6 million in last 9 months
- No analysts following this stock
- Based in the Virgin Islands
- Short interest is 24 days trading volume
OK, this stock is presented to show you what NOT to do. Only $20 million in revenue and that at a loss of $6 million. Stock is up 6,600% in a year and is based in the Virgin Islands. Is there anyone reading this column that would even consider this an investment at this level?
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